TSRI Strategy: GBPUSD heading lower?
Timeframe: H4
Trend: Continuation of the short term downtrend
Support/Resistance: Look for break of the bullish trend line and support level of 1.2645 (confluence with the 38.2% Fibonacci retracement level)
TSRI MACD: Crossover to signal selling opportunity
SL: 40 pips above resistance
TP: 110 pips at 61.8% Fibonacci retracement level
Trend: Continuation of the short term downtrend
Support/Resistance: Look for break of the bullish trend line and support level of 1.2645 (confluence with the 38.2% Fibonacci retracement level)
TSRI MACD: Crossover to signal selling opportunity
SL: 40 pips above resistance
TP: 110 pips at 61.8% Fibonacci retracement level
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